財務諸表とサステナビリティ報告の接続：会計とサステナビリティ開示に関する文献レビュー
Connecting Financial Statements And Sustainability Reports: A Literature Review Of Accounting And Sustainability Disclosure (原題)
Amelia Gadis Mahadi, Nikmatur Rohmanila
🤖 gxceed AI 要約
日本語
インドネシアのPOJK第51/2017号を背景に、財務諸表指標とサステナビリティ開示の関係を扱った実証研究4本を系統的にレビューした。持続可能性開示はROA・ROE・企業価値と正、NPLと負の関連を示す一方、BOPOやCARとは有意な関係がない。関係は指標ごとに選択的であり、開示品質や内生性を考慮した研究設計の必要性を指摘する。
English
A systematic review of four Indonesian studies on how financial statement indicators relate to sustainability disclosure after POJK No. 51/2017. Sustainability disclosure is positively linked to ROA, ROE and firm value and negatively to NPL, but shows no significant link to BOPO or CAR. The authors conclude the relationship is selective across indicators and call for longer panels, disclosure-quality measures and endogeneity-aware designs.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアのPOJKによる開示義務化は、日本でのSSBJ基準・有価証券報告書のサステナビリティ開示義務化と制度的に類似しており、財務情報と非財務情報の接続をどう設計するかを考える際の比較材料になる。ただし対象は国内誌4本に限られ、日本企業への直接の含意は限定的。
In the global GX context
This review speaks to the global push—ISSB/IFRS S1-S2, CSRD—to connect financial statements with sustainability disclosure, showing that links to profitability and firm value are real but indicator-specific. It offers a developing-market (Indonesia) data point on mandatory-disclosure regimes that complements TCFD/ISSB implementation debates.
👥 読者別の含意
🔬研究者:財務指標とサステナビリティ開示の関係が指標依存であることを示す出発点として、開示品質・内生性を扱う研究設計の参考になる。
🏢実務担当者:財務報告とサステナビリティ報告を投資家が併読する前提で、開示内容と財務パフォーマンスの整合性を説明する材料になる。
🏛政策担当者:開示義務化が財務指標とどう結びつくかを示す途上国の事例として、開示制度設計の比較検討に資する。
📄 Abstract（原文）
Since the enactment of Financial Services Authority Regulation (POJK) No. 51/POJK.03/2017, sustainability reports have become a complement to financial statements in Indonesia, and investors have increasingly examined both reports together to assess corporate performance. However, empirical evidence regarding the relationship between financial reporting and sustainability disclosure remains inconsistent and fragmented across sectors. This review aims to synthesize empirical evidence on the relationship between financial statement indicators and sustainability disclosures among companies listed on the Indonesia Stock Exchange (IDX). Employing a systematic literature review approach, four national journal articles published in 2026 were selected based on sample size, comprehensiveness of statistical testing, and data consistency, and subsequently analyzed through narrative thematic synthesis. The findings indicate that sustainability disclosure is positively associated with Return on Assets (ROA), Return on Equity (ROE), and firm value, while negatively associated with Non-Performing Loans (NPL). However, no significant associations were found with Operating Expenses to Operating Income (BOPO) or Capital Adequacy Ratio (CAR). Environmental performance and firm size were negatively associated with profitability and firm value, whereas the frequency of audit committee meetings positively influenced sustainability disclosure. This review demonstrates that the relationship between financial statements and sustainability reports is selective and varies across financial indicators. These findings provide a foundation for future research incorporating longer observation periods, measures of disclosure quality, and research designs that address potential endogeneity.
🔗 Provenance — このレコードを発見したソース
- openalex https://sihojurnal.com/index.php/jimakun/article/view/2364first seen 2026-11-15 05:27:10
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